In 2017-18, Owen (who is not a Scottish taxpayer) makes qualifying Gift Aid donations totalling 360. He
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In 2017-18, Owen (who is not a Scottish taxpayer) makes qualifying Gift Aid donations totalling £360. He has no capital gains tax liability for the year. Show his income tax computation if his only income for the year consists of business profits of:
(a) £27,825
(b) £11,715
(c) £246,090.
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Notes i The donations of 360 are grossed up to 450 36 0 x 10080 and are treated as if paid net of 20 ...View the full answer
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